Lloyd’s re/insurance broker RFIB Group has launched a new offering that targets companies or organisations with large memberships.
The broker’s membership service business aims to provide a set of insurance products for firms such as banks, credit card businesses, professional organisations, associations and affinity groups.
The industry player will also deploy new insurance-backed technologies to such organisations to support their risk mitigation and member retention.
RFIB CEO Dennis Mahoney said that the new offering “will quickly become a leading force.”
“Businesses across the globe are consistently looking for new ways to expand and retain their memberships by furnishing them with additional benefits,” he said.
The new business will target three key areas: travellers, retail transactions and security products. It will develop solutions and measures for luggage theft and loss, credit card fraud prevention, mobile banking security, ATM robbery and identity theft.
RFIB unveiled its new business with the appointments of Tony Martin and Stephane Boiron from Miller Insurance as director and associate director respectively. They will report to company COO Paul Chilton.
“Tony and Stephane have an exceptional track record of developing innovative insurance solutions and products which can have a tangible impact for organisations’ memberships,” Mahoney said.
Martin has over 20 years of experience in specialist insurance experience, previously serving as head of global membership and affinity schemes at Miller where he launched and developed a new global membership business.
Boiron has been in the industry for more than 15 years and has developed a series of insurance solutions for retail broker networks in the UK, France, Spain and for financial institutions, societies and membership organisations throughout Russia, Africa and the Middle East.
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